College endowments have beaten the market so consistently in recent years, it is not surprising that individuals would like to take advantage of that institutional wisdom to invest their own money. Increasingly, many are. A small but growing number of universities are trying to entice donors to invest their trusts alongside college endowments,…

Several colleges and universities lost millions in the alleged $50-billion Ponzi scheme run by the Wall Street trader Bernard L. Madoff. The losses include institutions' endowment holdings in hedge funds that were invested with Madoff as well as hits taken by supporting foundations and donors. Several foundations that have been active in higher…

The University of San Francisco School of Law is one of at least a dozen law schools in the United States where students represent small investors facing big headaches, often because their brokers were more interested in maximizing their own commissions than in giving sound advice. Supervised by law professors, teams of students file motions,…

The Supreme Court of Virginia has ruled in favor of Randolph College in two lawsuits brought by students and alumnae donors upset that the institution, formerly Randolph-Macon Woman's College, went coed last fall. In one case, the court ruled against a group of students who argued that the decision to enroll men was a breach of contract. The…

This article reports that as many as five colleges or charitable foundations whose endowments have suffered significant investment losses or were unable to access money in their accounts in recent months are considering legal action against their brokers or investment managers, alleging misrepresentation of risk or mismanagement. Jacob H.…

As tuitions continue to rise, Congress is looking for ways to mitigate the costs of college attendance for students and their families. Legislators are giving particular scrutiny to how colleges spend money from their endowments, which have grown significantly over the past decade. Some lawmakers have proposed that institutions with endowments of…

The stock-market crash of 1987 and its effect on college endowment funds are discussed. An informal survey found the market value of nine college endowments had slipped over the past year. The experiences of several colleges and universities are described. (MLW)

Describes how Iowa State University's mishandling of a bequest of farmland (the land was sold despite a directive that it be maintained by the university) cut to the heart of both its own credibility and the region's source of pride. (EV)

Michigan's legislature has approved the only statewide plan to allow parents to prepay their child's tuition to any of the state colleges, state universities, or community colleges. Prepayment may begin any time from the child's birth until his or her 18th birthday, and the money will be invested in a trust. (MSE)

Clare Boothe Luce left a special trust whose sole purpose is to "encourage women to enter, study, graduate, and teach" science. Fourteen institutions were designated by her to use money to support the advancement of female students and faculty members in science and engineering. (MLW)

Indiana University is offering parents the opportunity to purchase credit hours at 1988 rates and use them for their children's college education after 1990. The university will place money from certificate sales in a trust managed by an independent financial adviser, who will invest the funds. (MLW)

The executive summary of of TIAA-CREF's Special Trustee Joint Committee's report "TIAA-CREF: The Future Agenda," cites new accumulation funds and pay-out vehicles; transferability of annuity accumulations; reporting, services, and planning for policy holders and institutions; and governance and implementation. (MLW)

Governor Blanchard of Michigan announced that the IRS planned to allow parents to participate in the state's prepaid-tuition program without paying additional federal income tax. A broader ruling will take additional time to formulate. The federal government is considering a national plan to allow tax breaks for college savings. (MLW)